The folks who urge you to get prequalified for a loan rarely mention that potential borrowers may choose from dozens (actually hundreds) of Ohio loan products. Each of these products may vary with respect to interest rate, down payment, credit standards, monthly payment amounts, Ohio mortgage insurance premiums, qualifying ratios, closing costs, eligible types properties, occupancy standards, and many other terms and conditions. Any of these differences can affect your Ohio loan affordability or approval.

A Sampling of Ohio Loan Programs and Techniques for Financing Real Estate:

Just look at the 60 financing programs and affordability techniques listed below. Although it's not complete by a long shot, a brief reading does illustrate my point: No Ohio loan rep (or anyone else) can tell you exactly how much loan you can afford unless they worked through all of these possibilities (singularly or in combination).